BMW 5-Series Lease Questions

Comments

I purchased the vehicle from Sonnen BMW in San Rafael. My sales advisor was Jerry Blomgren. Nice guy. It was a pretty easy deal. No BS. You would need to buy a vehicle in their inventory though. I doubt you would get a deal like that if they need to trade for the car with another dealer. I'm also not sure how many similar deals they would be willing to do. Mine might have been an exception because it was a higher MSRP vehicle which might have been harder for them to move.

This seems like an excellent deal, but wanted to ask what is the MSD as that sounds like it helped bring down the monthly cost significantly. Also, what area are you buying the car? I was only eligible for the $2000 rebate and best I received so far was $695 paying invoice minus rebate.

For the Royalty ($750) and the Ultimate Driving App ($500)... do I have to be a current "returning" BMW buyer?? :confuse: Is there any way that someone like me who wants to get into the BMW family can get such a sweet deal as well?

$1250 additional off is quite a lot to give up :*(

I've gotten a quote on a 535i with navi, rear view, sport seat, parking sensor (MSRP $59500) for $548+tax, $2200 total drive off (for 24 months, 12K, and maxed out on MSD)

Hi rparik01. That looks like the cash that was available for leftover 2012 models. BMW is providing cash this month on the 2013 535i, but it's only $2,000. There's an additional $750 available to loyal customers.

If I was in the market for this car in an area that has a decent level of competition, I personally would shoot for a selling price of $500 to $1,000 over the invoice price that is listed here at Edmunds.com minus the available cash incentives.

Hi rparik01. Unless you're talking about getting this car at dealer invoice minus the available cash incentives this wouldn't even be a great deal on a brand new one with no miles on it.

The problem that I personally have with demo vehicles is that dealers never seem to be willing to discount what is essentially to me a low mileage used vehicle enough for my taste.

I personally would want a selling price of well below invoice, at least $1,000 under, minus the $2,000 cash incentive ($2,750 for loyal customers) that BMW is providing on this car right now. I'm not sure that any dealer would be willing to do that, but that's what it would take to get me to bite on this car.

Congratulations on getting your new BMW quintop. Thanks for taking the time to give back and share the details of your deal with everyone. Real-world examples like this are always helpful for others who are in the market for something similar.

Here you go bbaim. BMW Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 BMW 550i Sedan with 15,000 miles per year are .00125 and 55% for consumers who qualify for its top credit tier.

The numbers for an otherwise identical 42-month lease are .00125 and 46%.

I gave you the 42-month numbers instead of the 48-month numbers because the 42 month money factor is better.

would you be able to mention the dealer name & salesperson as well if possible ?I'm also in NJ & looking to lease a 535Xi myself as well & If I get the same deal as yourself then i'll probably just go & lease it without too many questions.Would be really helpful if you can give me the details.

Not getting anything close to others on this. Someone even quoted me around $800 for 2013 535i, prem, nav, white on blk, no down, lease 15k miles, 36 months. What should I be getting in LA on this?

I think you need to focus on the 24 month lease deal (74% residual for 10k mi per year, 73% for 12K and 71% for 15k). It is the Dec special for West coast and Florida (?? not sure about the rest of east coast). And each dealer has only limited number of this 24K mi lease that they can offer.

The dealer only will do it for dealer inventory (or you pay higher so that they will go through the trouble to swap car with other dealer that may have the combo that you seek). And the dealer who still has allocation would want higher price. So the best bet is to look for dealer inventory and figure get a list of 528/535 that you may be interested in, get a dealer that is willing to get the car for you and still have these 24m lease allotment and go from there. It is almost a guarantee that you won't be able to get the best deal right now since the most aggressive dealer are done for the year and ran out of their allotment already.

But the deal is still pretty sweet if you can get close to invoice. The 24month lease special add roughly 5% (Car_man can confirm that) to the residual as compare to the rest of the country that don't have this special. So we are getting roughly $3000 support + interest + tax discount on a $60k MSRP car (roughly $3600 all in) on our 24 payments (roughly $150 per month) on top of the 2000 holiday credit (roughly $90 a month). I am shopping in N. Cal also and I ran a sample lease calculating the difference between a 36 month lease and the 24 months special. The 2 year lease come out $611 a month vs the 36 months lease come out to $704 with exactly the same discount, number of MSDs, holiday credit and money factor.

My CA (he is general sales manager), threw in a couple travel mugs and a set of all weather mats (The mugs and mats make my wife very happy.. The car make me very happy 8-)). The whole buying experience was very smooth, locating the right car is the hardest part.

Hunting for the right 535 is pretty difficult in N. California now if one want light color interior (Oyster, Cinnamon Brown, or Venetian Beige) with reasonably equipment. Most of the remaining stock units have black interior. Some dealer that are willing to do aggressive deal but have no 24 months special lease left. Other dealers who have those 24 months special lease available are not wiling to discount. It took my CA a couple days (we started the process on the 27th) to locate the deep sea Blue 535 for us. Initially we found a car in Concord BMW that fit my need but we were on hold for a day because they had a deal pending on that car. Yesterday, it took my CA two hours to got agreement for the Deep sea Blue 535 from Weatherford BMW and a couple more hours to do the physical swapping.

Given how late it is in the game (only 3 more days to go?). Looks like the best strategy is to find a dealer who still has those 24 months special lease available, negotiate the price (invoice + xx), And then try to locate the right car in other dealers inventory and do the swapping. Going from dealer to dealer to try to find the right car and the right deal is going to be very difficult.

Thanks Car_Man,I actually worked out a FANTASTIC deal by BLOOMFIELD BMW and would recommend everybody to go there. Stay away from Morristown BMW (where I wouldn't send my worst enemy.) Although, the competition in the area definitely helped and I was able to get a 2013 535xi with a $69,870 MSRP for $63,650 (about $600 below Edmunds invoice and $1000 under dealer indicated invoice.) Plus an additional $4,250 in rebates. Essentially, I paid $59,400 for this car. And the real kicker.....I ordered it to my specs. My advice, if I may, is read this website, understand the numbers, create an excel file with formulas, and do your negotiations over the phone. My big mistake was taking Morristown's word for their promotion then driving there and having them tell me they weren't going to give me what they promised so I wasted half of my Saturday. Can't say enough good things about Bloomfield BMW.

can you please provide me with January BMW 550ix 10K mile/year 36 months lease rate. what is the MF and residule value. rite now i am getting a quote for 550ix MSRP $66,545, MF .00130, resv 63%. are the MF and resv correct as per top tier credit. Negotiated price is $60,500.00. your help would be greatly appreciated. Thanx!

Hi dam9017. BMW Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 M5 with 12,000 miles per year are .00130 and 51% for consumers who qualify for its top credit tier.

Here you go, ankitpoo. BMW Financial Services' January buy rate lease money factor and residual value for a 36-month lease of a 2013 550xi Sedan with 10,000 miles per year are .00130 and 63% for consumers who qualify for its top credit tiers.